Navitus Health Solutions: In the News

Navitus Health Solutions LLC, a pharmacy benefits manager, says new customer growth has it expecting to hire 130 employees in Wisconsin by the end of the year.

The Madison company is projecting it will have 570 employees by the end of the year, up from about 440 now, said Terry Seligman, president and chief executive officer. It has about 300 clients now, up from about 100 in 2011, he said.

According to estimates from IMS Health, a healthcare information and technology company, drugs worth $21 billion in annual U.S. sales will go off patent in 2014. While payers are unlikely to see generic savings as dramatic as when drugs totaling $35 billion in annual sales lost their patent protection in 2012, several PBMs recently polled by Drug Benefit News say they will aggressively promote generics in order to maximize these waning years of the so-called “patent cliff.”